CSS Industries Announces Restructuring Plan and Additional Measures to Improve Its Business and Financial Performance – Associated Press

Restructuring

PLYMOUTH MEETING, Pa.–(BUSINESS WIRE)–May 8, 2019–CSS Industries, Inc. (NYSE: CSS) announced today a comprehensive restructuring plan to significantly reduce its cost base, while streamlining the organization in a manner designed to improve business performance, profitability and cash flow generation. Development of this restructuring plan initially began in connection with the Companys previously announced management project.…

RP takes over RCom board; corporate insolvency resolution process to resume – Business Standard

Liquidation

Following the National Company Law Tribunal (NCLT) directive, Reliance Communications (RCom) on Wednesday informed the stock exchanges that the administration of the corporate debtor would be taken over by the interim resolution professional (RP) and the corporate insolvency resolution process (CIRP) would resume. The powers of the board of directors or the partners of…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Filing of Resolution plan with Tribunal – The Hindu BusinessLine

Liquidation

Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Uttam Value Steels Ltd. hereby informs your good offices that on May 7, 2019, the Resolution Professional of Uttam Value Steels Ltd. has filed an Application with the Adjudicating Authority for approval of the Resolution Plan submitted by a consortium of…

Sydney developer Merhis denies phoenixing, insolvent trading – The Australian Financial Review

Bankruptcy

According to the minutes, Sidway (previously called Merhis Contracting) held the contract to build Stacey Apartments, a $78 million-development of 146 units at 196 Stacey Street, Bankstown, which was completed last year. The Sidway minutes also contain the assertion from Mr Hathway, managing director at corporate insolvency firm Helm Advisory, that “members of the Merhis…

Siemens restructuring to cut 10,000 jobs; company has multiple facilities in Ohio – WJW FOX 8 News Cleveland

Restructuring

FRANKFURT, Germany German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business. Net profit was 1.92 billion euros ($2.15 billion), down from 2.02 billion a…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 16th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on May 6, 2019 to discuss the…